Anju owns a small store in Tikamgarh, Madhya Pradesh. To cater to a larger customer base, she wishes to purchase cosmetic items and add them to her inventory. Using her well-honed business skills, she is confident that will be able to create more profits for herself and her family. Invest in Anju's dreams and encourage her entrepreneurial initiative.
Anju is a retailpreneur who works 8 hours a day for 7 days a week. With this loan Anju will potentially obtain employment for 364 days.
The interest rate charged is split into returns for the social investor, fees for the impact partner and platform charges. Anju Ahirwar, has consented to pay the interest as below:
Investee
pays
8.00% flat p.a.
14.40% APR
Social
Investor
3.20%
5.76% APR
Platform
charges
4.80%
8.64% APR
The following section provides a detailed view of the investee loan requirement.
Loan
amount
₹ 30,000
Loan
tenure
12 months
Moratorium
None
Repayment
mode
EMI
Investee
occupation
Retail store
Established in
1995
With Rang De from
2021
Founded by
Dr.Ashok Khosla
Indian Micro Enterprises Development Foundation (IMEDF) is a social enterprise promoted by Development Alternatives Group with a vision to promote inclusive growth and inspire environmental sustainability through development of micro - enterprises.
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